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WAEC Economics 1996 Question 19

Question 19

Business Organisations

The ownership of a Public Limited Company is made up of

  1. A.two to twenty persons
  2. B.a minimum of seven shareholders
  3. C.a minimum of fifty and maximum of one hundred shareholders
  4. D.two to fifty shareholders
  5. E.a maximum of fifty shareholders
Show the answer and explanation

Answer: B (a minimum of seven shareholders)

Explanation

A public limited company needed at least seven shareholders, with no upper limit.